The Kennedy Administration Decision-Making in Economic Policy: The Tax Cut of 1964

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Abstract

There has been much talk about the institution of
models and theory building in the field of political
science. But the question arises as to the usefulness of
all this theory if it cannot be applied to practical
problems.
Since I find that I can agree with the models and
theories of Easton, Truman and others, I wondered how these
models would react in a specific application. About this
time it came to my attention that under the Kennedy
Administration many novel things were happening in economic
policy. Between 1961 and 1963, economic policy changed
from what is known as the classical or traditional to the
Keynesian. How did this come about? This is the question
that lies at the base of my thesis.
Unfortunately time does not permit an integrated
study of economics. There are too many agencies of
government and too many different policies involved to be
able to discuss them knowledgeably in a thesis of this
scope. Therefore this work concentrates on economic fiscal
policy and the executive decision-making process. It is an
attempt to apply political theory to a specific case study.

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